Tax White Papers
White Papers from leading Tax experts provide great insight and research on timely relevant Tax topics.
Preparing for Form 1099-K - Free
This paper introduces the purpose behind Form 1099-K, as well as its reporting requirements, IRS penalties and recent revisions. This white paper provides a broad framework for accounting professionals to recognize and master the processes of accurately reporting this form. In this white paper you will learn: - What is the Form 1099-K - Reporting requirements - IRS deadlines and penalties - Revisions and updates
2016 Sales Tax Changes - Free
The New Year is always a time of change — and sales tax in 2016 is no exception. While Congress debates over proposed legislation, many states have new rules that have already taken effect on January 1 or are in the process of enacting changes. The following guide offers some of the bigger changes in the works. It’s by no means exhaustive, but sheds light on emerging trends in sales tax laws. Change is coming. Here’s a look at what change might look like in 2016.
You could be losing your competitive edge by not looking to the cloud. With so many proven benefits, why continue to waste resources on faulty and outdated systems? Read this e-book to see how Citrix ShareFile is breaking down file-sharing barriers and helping companies all over soar in the cloud by providing their data with real answers and improvements to managing files.
The Apportionment Rule continues to be one of the most controversial provisions under the U.S. Tax Code. Many businesses grapple with apportionment rules and struggle in figuring out the states that offer the most competitive tax advantages. Apportionment refers to the taxation of a multistate corporation that is “fairly apportioned” to a state. A state may only tax a corporation on income that it derives through its connection to the state. Even if a business operates in a state for a couple months out of the year, it may still incur tax liability. The tax code prevents states from imposing taxes on corporations for the total income produced if they operate in multiple states throughout the year. If a state were able to tax a business on all of its income, this would be unconstitutional. Businesses would be negatively impacted and would likely choose to function out of a single state. Interstate commerce would likely take a downturn.
In the U.S., there is now a greater emphasis on social enterprise. Consumers want to know that a for-profit company will have a positive impact on the environment. Research studies indicate that 92 percent of Americans had a positive perception of companies that were dedicated to supporting charitable organizations in 2011. In 2001, only 81 percent of Americans positively viewed a company that made efforts to donate to charitable causes. A joint venture is one legal instrument that can facilitate a for-profit company's charitable contributions. This white paper will address the legal requirements that must be fulfilled to create a joint venture and put forth the numerous advantages associated with a joint venture.
Tax professionals should always try to utilize the Research and Development Tax Credit for small businesses. This tax credit may provide substantial savings to businesses that may be hit with a large tax debt. Tax professionals should also use the Four-Part Test and other information provided by the IRS to calculate the tax credit. Download this white paper to learn how to decipher the research and development tax credit and take full advantage of it.
Signing up for Social Security is the last step in a relationship with our federal government that retiring individuals have been involved in their entire working lives. Each pay period, these individuals had money taken out of their paychecks that they believed would play a large part in their retirement income. When they complete this step, many may experience "The Social Security Surprise" as they see part of their Social Security check being taxed.
New Tax Traps to Avoid in 2014 - $10.00
The trick to tax planning is to prepare for what will happen while making allowances for what could happen. Businesses and individuals can save thousands of dollars simply by planning ahead. This year will be full of tax pitfalls. If you're in the tax consulting business, make sure that you're aware of these stumbling blocks, and more importantly, make sure that your clients know about them.
There was a time when dealing with the taxes of individuals who work from home was a fairly straightforward proposition. The use of an office at home was the primary deduction to be reported and used as a deduction. However, with the introduction of the computer and widespread use of the Internet to work at home, a host of new tax issues are involved for those who work at home. Download this white paper to get an understanding of some of these tax issues and how to prevent and solve them.
An Overview of IRS Form 4562 - Free
IRS Form 4562 is probably one of the most common forms filled out during tax season for today's employees and small businesses. As with all of the Internal Revenue Service's forms and documents, there is plenty of information to be documented and there are plenty of numbers to be crunched. It's generally a good idea to start learning about Form 4562 by understanding which expenses qualify for the form and what their role is in providing a tax deduction for business owners, employees, and certain other types of consumers.